Industry News

Kent Bicycle's factory in Malaysia is also closed.
2007 BRAIN photo by Matt Wiebe.

OSAKA, Japan (BRAIN) — Shimano's factory in Malaysia will be completely closed until at least June 14 due to an official COVID-19 mandate. Since June 1, the factory had been allowed to operate at 60% capacity.

Tagged Supply chain / Coronavirus
PNW Components Range Stem.

SEATTLE (BRAIN) — PNW Components no longer will sell products through Amazon. The company said it is making the change to to reallocate inventory to support bike shops and industry retailers.

WASHINGTON (BRAIN) — The surge in bike imports continues and monthly tire imports exceeded $10 million for the first time in ... maybe forever.

Tagged Supply chain
Eurobike returns to the Messe Friedrichshafen in September.

FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike has announced its safety and hygiene regulations for the Sept. 1-4 show at its Messe Friedrichshafen venue.

Tagged Coronavirus / Tradeshows and conferences / Eurobike

REDWOOD CITY, Calif. (BRAIN) — KAV Sports, which has been selling a custom 3D-printed hockey helmet since last fall, is launching a custom 3D-printed bike helmet with a crowdfunding campaign that began Tuesday.

CHICAGO (BRAIN) — Germany-based Abus has reached an agreement to acquire Italian helmet manufacturer Maxi Studio S.R.L. Abus and Maxi Studio have worked together since 2016; Maxi Studio manufactures several of ABUS's premier helmet models.

Tagged Mergers, Acquisitions & Investments

MONTREAL (BRAIN) — E-commerce platform Lightspeed announced Monday that it entered an agreement to acquire Ecwid, a U.S.-based e-commerce company that specializes in helping customers create a standalone business, and NuORDER, another platform that connects businesses and suppliers.

Tagged Mergers, Acquisitions & Investments
Vvolt Alpha.

PORTLAND, Ore. (BRAIN) — The potential of e-bikes didn't initially resonate with Kyle Ranson.

"I'm embarrassed to say I was one of those cyclists who said about e-bikes, 'That's cheating,'" said Ranson, a longtime cyclist.

EMPORIA, Kan. (BRAIN) — The All Things Gravel Expo takes place Thursday and Friday, featuring 150 international, national, and regional exhibitors.

Tagged Outdoor Retailer shows

ORLANDO, Fla. (BRAIN) — Recumbent trike manufacturer Catrike, a privately held company, is announcing that it saw a 70% increase in sales in its fiscal 2020. 

Tagged Earnings/Financial Reports
Streaming service will also cover the event's expo.

EMPORIA, Kan. (BRAIN) — Sports streaming channel FloSports will have three four-wheel-drive vehicles available to provide live video coverage of the final 20 miles of the Garmin Unbound Gravel p/b Craft this weekend.

Tagged Media/Publishing / Racing & Sponsorship / Consumer Expos and Rides

WASHINGTON (BRAIN) — The Paycheck Protection Program closed Monday with the Small Business Administration providing nearly $800 billion in relief to 8.5 million small businesses and nonprofits affected by the COVID-19 pandemic.

Brook Watts tells BRAIN local officials refused to seriously consider how Arkansas' anti-trans legislation could harm the races.

FAYETTEVILLE, Ark. (BRAIN) — The city has hired longtime event firm Medalist Sports to manage two high-profile cyclocross races this fall and next winter. Medalist replaces Parkven Productions, owned by Brook Watts and Kristin Diamond, which parted ways with the events last month as the race community pondered responses to Arkansas' recent anti-transgender legislation.

Tagged Racing & Sponsorship
Jon Lewis.

MADISON, Wis. (BRAIN) —Saris has announced the promotion of Jon Lewis to Global Sales Manager.

PITTSBURGH (BRAIN) — Dick's Sporting Goods' first-quarter net sales increased a record 119% year-over-year, boosted by a jump in consolidated same-store sales and e-commerce growth.

Tagged Earnings/Financial Reports
No. No, we don't know what it means, either.

CAMBIAGO, Italy (BRAIN) —  A custom-painted Colnago C64 frameset that you can take home and ride and admire will cost you about $6,300.

Froome at the 2021 Tour of the Alps. Getty image.

LONDON (BRAIN) — Four-time Tour de France winner Chris Froome has invested an undisclosed dollar amount in cycling tech company Hammerhead and will join its advisory board.

Froome's investment comes after Hammerhead recently became a partner of his new team, Israel Startup Nation.

WASHINGTON (BRAIN) — The U.S. Senate Committee on Environment and Public Works further discussed and amended a transportation bill Wednesday morning that would make it easier for local governments to build bike lanes, sidewalks, and trails.

ANOKA, Minn. (BRAIN) — Vista Outdoor, the parent of Bell, Giro, Blackburn, CamelBak and other outdoor brands, has acquired QuietKat, an e-bike brand from Colorado best known for making a Jeep-branded e-bike

Tagged Electric bike / Mergers, Acquisitions & Investments
Plans include growing workforce, potentially expanding presence outside Colorado.

BOULDER, Colo. (BRAIN) — The Pro's Closet announced Wednesday it raised an additional $40 million in Series B funding that will be used to grow its workforce, develop new technological customer solutions, and possibly expand into new regions.


Subscribe to RSS - Industry News